Housing bailout is bad news for taxpayers
July 25th, 2008 by Jason PyeRobert Stacy McCain gives us a multiple choice question:
Which candidate opposes the housing bailout?
A. Republican Sen. John McCain
B. Democratic Sen. Barack Obama
C. None of the above
Those of you on the campaign mailing list should have received the e-mail from Bob today where he pointed out that the housing bailout will cost each American another $1,300, in addition to the $31,000 you already owe as a result of excessive government spending.
As Bob has previous stated, a bailout “means more government, more regulation, more spending, and more waste. The latest House bailout is more—much more—of the same.”
When government grows, and it will continue to grow under McCain and Obama, taxpayers lose.
July 26th, 2008 at 2:54 pm
This bailout makes my blood boil. I sold my house for a loss in 1996 and no taxpayer bailed me out. I paid lots of credit card bills over the years and maintain a very low balance. Stupid me! I’m too responsible!
This bailout is nothing but theft, which robs the responsible and gives to the irresponsible.
July 27th, 2008 at 11:43 am
Am I the only one noticing this or are the Congress and the President getting crazier by the month? More and more bailouts are occuring by the month this year.
The first shock was when Republican Bush pushed for the socialist $560 billion prescription medical benefit. The price has gone up since. Then this prolonged Iraq war costing hundreds of billions per year. The Bear Stearns bailout, and this $300 billion bailout to the irresponsible.
I remember a hopeful video by Ron Paul a few weeks back who said that America will be forced by economics to make deep spending cuts. There are only so much taxes that we can stomach. When the 2001 tax cuts (401k contributions, IRA contributions) go away in 2010, I figure Americans will start to see sticker shock.
Sometime after 2010 I think we will start to see thousands of Americans start taking pitchforks to Washington D.C.to oust the criminal element from Congress. That’s virtually all of Congress except for 5, including Ron Paul.
Anyone have any predictions when the revolution against government spending will occur? Or more specifically a successful campaign to limit spending to that which is Constitutional?
I say it will be the year 2016.
August 2nd, 2008 at 4:27 pm
I wonder why the government doesn’t just move the people in homes they can’t afford into less expensive homes that they can afford. There are currently millions of vacant homes around.